A surplus of vacant office space in the United States threatens to hollow out business districts. Don’t hold the pandemic responsible. According to real-estate investors, brokers, and analysts, America’s office glut has been building for decades. Developers in the United States built far too many office towers, enticed by federal tax breaks, low interest rates,… Continue reading Pandemic Not Responsible for Surplus of Office Towers
Author: Farkas Laura
Insurance M&As in 1H 2022 Reach Highest Level in Decades
Despite inflation and other economic pressures, insurance mergers and acquisitions (M&A) activity reached a decade high in the first half of 2022, according to a recent Clyde & Co. report. “A variety of factors are driving deals,” the firm stated in its report. “Private equity (PE) firms and asset managers are still interested in entering… Continue reading Insurance M&As in 1H 2022 Reach Highest Level in Decades
CoreLogic’s Multi-year Alliance with Google Cloud Enables New Product Launch
CoreLogic©, a leading global property data and analytics-driven solutions provider, has announced an extended relationship with Google Cloud to support the launch of its new CoreLogic Discovery Platform™. Fully built on Google Cloud’s secure and sustainable infrastructure, Discovery Platform provides a comprehensive property analytics environment and cloud-based data exchange for businesses across multiple sectors. Discovery… Continue reading CoreLogic’s Multi-year Alliance with Google Cloud Enables New Product Launch
Tesla’s Elon Musk Calls for Dismissal of Shareholder Lawsuit in Pullout of Twitter Buyout
Elon Musk has called for the dismissal of a shareholder lawsuit against him for canceling his multibillion-dollar buyout deal and subpoenaing Twitter’s former CEO as he fights a lawsuit from Twitter asking him to complete the takeover. The moves come in response to Musk’s sudden announcement in July that he would leave just a few… Continue reading Tesla’s Elon Musk Calls for Dismissal of Shareholder Lawsuit in Pullout of Twitter Buyout
AM Best: Reinsurance Capital to Drop in 2022
According to a new AM Best report, the recent surge in dedicated reinsurance capital growth may be short-lived, given expectations for depressed investment markets, ongoing geopolitical turmoil, and a potential decline in global GDP. Dedicated reinsurance capacity increased to $568 billion in 2021, driven by a nearly 11% increase from traditional reinsurance capacity providers. However,… Continue reading AM Best: Reinsurance Capital to Drop in 2022
Ford Faces $1.7 Billion Jury Verdict Over Fatal Rollover of F-250 Pickup Truck
A $1.7 billion jury verdict against Ford Motor Co. in connection with a fatal truck crash called into question the roof strength of the company’s older-model Super Duty pickups sold over a 17-year period. A jury in Georgia returned a verdict on Friday in a case involving a 2014 rollover of a Ford F-250 pickup… Continue reading Ford Faces $1.7 Billion Jury Verdict Over Fatal Rollover of F-250 Pickup Truck
Many Employers Are Scaling Back Paid Maternity and Paternity Leave
Many employers are reducing the amount of paid maternity and paternity leave they will provide. According to new data from the Society for Human Resource Management, a trade association for HR professionals that surveyed 3,000 employers, the share of employers offering paid maternity leave beyond what is required by law fell to 35% this year,… Continue reading Many Employers Are Scaling Back Paid Maternity and Paternity Leave
Emerging “Extreme Heat Belt” to Impact Over 107 Million Americans by 2053
First Street Foundation last week eleased their peer-reviewed extreme heat model along with the implications highlighted in The 6th National Risk Assessment: Hazardous Heat. The report identifies the impact of increasing temperatures at a property level, and how the frequency, duration, and intensity of extremely hot days will change over the next 30 years from… Continue reading Emerging “Extreme Heat Belt” to Impact Over 107 Million Americans by 2053
Insurance Broker Marsh Launches World’s First Coverage for Hydrogen Projects
Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the world targets net-zero emissions by mid-century in an effort to cap global warming, hydrogen, particularly… Continue reading Insurance Broker Marsh Launches World’s First Coverage for Hydrogen Projects
Amid Recruiting Challenges, Growth in Insurance Labor Market Going Strong
According to the most recent Semi-Annual U.S. Insurance Labor Market Study, which was conducted in part by The Jacobson Group, the leading provider of talent to the insurance industry, 95% of respondents plan to increase or maintain their headcounts in the next 12 months. “Despite an increasingly difficult labor market, the majority of insurers plan… Continue reading Amid Recruiting Challenges, Growth in Insurance Labor Market Going Strong